COVID-19 Impact and Global Response Quiz
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Questions and Answers

What is one significant consequence of the COVID-19 pandemic beyond health issues?

  • Unprecedented socio-economic crisis (correct)
  • Growth in tourism industry
  • Increased demand for digital marketing
  • Decrease in remote work opportunities

Which sector is primarily responsible for economic subsistence in many states during the pandemic?

  • Banking
  • Information technology
  • Retail trade
  • Agriculture (correct)

What type of organization is primarily formed from two or more countries to address global issues such as a pandemic?

  • Local Government
  • International Organization (correct)
  • Cooperatives
  • Trade Unions

Which of these is NOT an example of Intergovernmental Organizations (IGOs) involved in pandemic response?

<p>North Atlantic Treaty Association (C)</p> Signup and view all the answers

What is a significant challenge faced by non-state institutions during the COVID-19 pandemic?

<p>Insufficient funding sources (C)</p> Signup and view all the answers

What organizational structure is commonly adopted by corporations addressing public health issues during a pandemic?

<p>Board of Directors (D)</p> Signup and view all the answers

What is a vital function of non-governmental organizations during the COVID-19 pandemic?

<p>Providing humanitarian assistance (A)</p> Signup and view all the answers

Which funding source is least likely for non-governmental organizations responding to the COVID-19 crisis?

<p>Institutional investors (C)</p> Signup and view all the answers

What is a primary negative impact of multinational corporations (MNCs) on local economies?

<p>Retards economic growth (C)</p> Signup and view all the answers

How do MNCs typically affect national culture according to the content?

<p>Damage national culture (B)</p> Signup and view all the answers

What is a common principle of cooperatives mentioned in the content?

<p>One member, one vote (A)</p> Signup and view all the answers

Which of the following is NOT listed as a type of cooperative?

<p>Financial cooperatives (B)</p> Signup and view all the answers

What is a potential positive effect of MNCs on local communities?

<p>Encourage interdependently (C)</p> Signup and view all the answers

Which company is identified as a multinational corporation operating in the Philippines?

<p>Coca Cola Far East (B)</p> Signup and view all the answers

What is one of the negative effects of MNCs related to human rights?

<p>Harms human rights (C)</p> Signup and view all the answers

What type of cooperative is owned and operated by the people who work there?

<p>Worker cooperative (D)</p> Signup and view all the answers

What is a possible outcome of nonstate institutions interfering with the government?

<p>Conflict and tensions may arise (C)</p> Signup and view all the answers

Which institution is known for providing various financial services to earn profits?

<p>Banks (A)</p> Signup and view all the answers

Which of the following is NOT a recognized function of trade unions?

<p>Support local businesses in community development (B)</p> Signup and view all the answers

Which of the following is NOT a positive effect of multinational corporations (MNCs) in a state?

<p>Dependency of local markets (A)</p> Signup and view all the answers

Which statement correctly describes the function of investment banks?

<p>They issue securities to the investing public. (D)</p> Signup and view all the answers

What is typically NOT an expected role of a cooperative?

<p>Facilitating international trade (C)</p> Signup and view all the answers

Which group is known for serving as international catalysts for change?

<p>Transnational Advocacy Groups (A)</p> Signup and view all the answers

Which of the following statements is FALSE regarding the role of government in society?

<p>It operates solely for economic gains. (C)</p> Signup and view all the answers

Flashcards

Non-state Institution

An organization not part of the government, typically with a specific purpose, and not controlled by a state.

COVID-19 Pandemic

A global health crisis, also a significant socio-economic crisis.

NGO

Non-governmental organization, not controlled or owned by a government, often addressing social or humanitarian needs.

State

A sovereign territory with a central government, ruling over its population.

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Economic Subsistence

The main ways a society earns a living

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International Organization

An institution with members from several countries, often focusing on cross-border issues.

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IGO

International Governmental Organization, an organization composed primarily of member states.

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Corporation

A separate legal entity, run by a board of directors.

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Multinational Corporations (MNCs)

Businesses operating in multiple countries, managing ownership, production, and sales across borders.

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MNC's impact on economics

MNCs can stimulate economic growth by introducing technology and boosting interdependence; however, they may also hinder local economies or foster dependence.

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Cooperatives

Businesses owned, controlled, and operated by members to meet their shared economic, social, and cultural needs.

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Worker cooperatives

Cooperatives where the employees themselves own and manage the business.

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Consumer cooperatives

Cooperatives owned and operated to provide goods or services to their members.

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Producer cooperatives

Cooperatives formed for the joint processing and marketing of products created by members.

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MNC Positive Impacts

Bringing in better technology and potentially boosting economic growth and interdependence.

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MNC Negative Impacts

Potentially retarding growth, causing dependency on MNCs, impacting local culture, and harming the host country.

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Board of Directors

Group of individuals responsible for overseeing a company's operations and making key decisions.

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Private Business Owners

Individuals or groups who own and operate private companies.

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Function of Trade Unions

Trade unions advocate for workers' rights and improve working conditions.

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Effect of MNCs

Multinational Corporations (MNCs) can introduce technology and encourage economic growth, but can also lead to dependency.

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State's Role in Society

The state's role is to improve society's welfare, and its initiatives should align with this goal.

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Banks' Role

Banks provide financial services, including loans, to earn profits.

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Nonstate Institutions' Interferences

Conflict and tensions can arise if nonstate organizations interfere with government.

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Investment Banks

Financial institutions focused on issuing securities, providing investment advice, and facilitating various financial transactions.

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